Budget cuts main challenge in achieving UN priorities, says UNIC director
CAIRO: Dealing with budget cuts is the main challenge that lies in the face of achieving the United Nations priorities for 2012, according to the Cairo director of United Nations…
Shuaa to expand credit finance unit into Saudi
DUABI: Dubai-based Shuaa Capital, the investment bank undergoing a broad restructuring, is expanding its profitable credit finance business Gulf Finance Corp (GFC) into Saudi Arabia and may offer a stake…
Egypt regulator readies steps to revive markets
CAIRO: Egypt's financial market regulator said he was preparing steps to help companies resume raising money in the country's moribund capital markets, with active issuance of stocks and bonds still…
Egypt rate hike seen more likely as inflation gains
CAIRO: Egypt's urban consumer price growth quickened to 9.5 percent in the 12 months to December from 9.1 percent in November and analysts said an interest rate hike by the…
Grand Egyptian Museum to open August 2015, says minister
CAIRO: Expected to be a “monument” in itself, the Grand Egyptian Museum (GEM) entered its third and final phase of construction this week and will open in August 2015, the…
Spielberg shares storytelling secrets in Paris
Steven Spielberg caught the filmmaking bug as a 12-year-old boy, and half a century on still goes "crazy" when he doesn't have a story to tell, he admitted to fans…
Soldiers, Bedouin killed in Egypt gunfight
CAIRO: An Egyptian army officer and conscript were killed on Wednesday in a gunfight with Bedouins that broke out when military police tried to remove them from state land in…
Clout on the catwalk can come with tweeting
Social media is giving a voice to models who, for the most part, have built their careers as pretty, non-speaking faces. They'll tweet what they had for breakfast, post behind-the-scenes…
Hormone helps obese shed weight: study
An appetite-curbing hormone found in the gut may help overweight and obese people shed weight, lower blood pressure and reduce cholesterol levels, according to a study released Wednesday. Known as…
Guggenheim gives nod to Helsinki museum
The foundation that administers the iconic Guggenheim museums has given Helsinki the go-ahead to build a state-of-the-art museum, city officials said Tuesday. The Solomon R. Guggenheim Foundation handed over its…